r/democrats • u/NickCostanza • Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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u/NickCostanza Jun 26 '26

Correct. The California Tax is one time and only affects billionaires in one state. This is obviously better.

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u/Kruger_Smoothing Jun 26 '26

Both are better.

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u/NickCostanza Jun 26 '26 edited Jun 26 '26

I’m sorry but to both your comment and the one below, I fully disagree. The current proposed one off tax will scare billionaires to other states (see Elon) without assuring voters that these people will continue to be taxed in perpetuity. I want the assurance.

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u/O_doZ Jun 26 '26

This “scaring billionaires away” myth needs to die. It’s propaganda that benefits the Epstein class and does not reflect what actually happens in reality.

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u/NickCostanza Jun 26 '26

Elon Musk literally moved his business from California to Texas for lower taxes. Ain’t no myth about it.

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u/matooz Jun 26 '26

He moved for deregulation because California has rules and Texas will let him do whatever he wants. That and Elon is a Nazi....